The problem comes in with the old outdated Wyoming Money Transmitters Act – which requires licensees hold in cash, CDs, securities or other authorized investments in the amount of money that’s being transferred digitally. Some of these companies cannot adhere to these requirements and are forced to exclude Wyoming from their services. Here is the source for the legislation : http://legisweb.state.wy.us/statutes/statutes.aspx?file=titles/Title40/T40CH22.htm What does CD mean in this context? |
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I don't know, who made this test and I quite frankly don't care, but claiming, that it must have been "Gavin and his buddies" just shows, how low people can fall to "prove" their point.
Badmouthing other people makes you look bad, not the person you badmouth. It's really a shame, how many ridiculous people are on the internet, especially on this forum.
There's plenty of evidence that Gaven put all of his eggs in the Bitcoin XT basket. There is no way to prove it was him or another XT developer, but my instinct says it was, since they have a vested interest in getting people to adopt XT. There's only ~100 nodes running XT despite numerous publicity, so it's quite possible they took this drastic action to discredit Bitcoin Core and get people to switch to XT ASAP. I don't think anyone else cares enough to spend 20 BTC for a publicity stunt like this, unless it's just some rogue hacker who stole like 1000 bitcoins. No way to prove anything, this is just speculation of course. People do crazy shit when their dreams and pride are slipping away. I don't think Gaven and the XT people are necessarily bad btw. They probably had good intentions and wanted to save Bitcoin from the blocksize limit. Unfortunately their belief that blocksize limit is an issue serious enough to fork the blockchain is incorrect as the other developers suspected, so building XT was a waste of time for the most part, and it would be an unnecessary risk to ever implement the fork. I foresee that Bitcoin will have a 1 mb blocksize limit forever and be totally fine, if not better off since increasing transaction fees will help balance out decreasing block rewards. Without increasing transaction fees mining would become unprofitable and the network would become insecure as almost all miners leave.
Satoshi was a genious, he meticulously created Bitcoin to survive indefinitely and not need any changes. Fundamentally changing the code ruins his work and would ultimately ruin Bitcoin.Sorry, but that post just made it worse. There is no evidence, that this "stress test" has anything to do with XT. On the contrary, I don't think, it was made by anyone, who is a longtime developer in the Bitcoin world, since it was carried out very poorly. The last bold part, just shows, that you don't really have read into how the block limit came into being. Instead of making stupid conspiracy theories, you should look into that. |
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I don't know, who made this test and I quite frankly don't care, but claiming, that it must have been "Gavin and his buddies" just shows, how low people can fall to "prove" their point.
Badmouthing other people makes you look bad, not the person you badmouth. It's really a shame, how many ridiculous people are on the internet, especially on this forum.
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So, yesterday I bought some equipment for my raspberry pi. I normally use amazon via purse.io, but the product didn't have an European Power Supply, just the UK one. So, I went to the manufacture itself and there I could choose which Power Supply I want. Looking at the payment options, I thought I have to reactivate my VISA-card(it got locked after I forgot my password and entered a false one multiple times). When I got to the checkout, there suddenly was the option to pay with Bitcoin. It's not hard to guess, what I did next. It gave me a warm feeling, that at least in the tech world, Bitcoin is becoming a widely accepted payment option. Today I wrote them a mail, they should make it more obvious that they accept Bitcoin. So, if you need anything for a raspberry pi, go there  |
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When 21 million coins have been mined, I will have been long dead, so I don't care |
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This is definitely something at your end. If I assume that this thread is legit, you probably didn't include a fee (don't be greedy). It could be a number of things, but this is usually what happens. However the last 3 blocks have been quite full, however there definitely was enough room for your transaction.  How about posting the transaction ID so that we can check what is going on? Miners don't fill up blocks to the limit of 1 MB. There is an individual parameter for how filled up, they really get. So, you can't really say, that there was enough room. |
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I think, one of the biggest flaws in your logic is, that you would not reach the hashing power of the BTC network by giving away free usb-miners. It's the same discussion as saying a big cooperation could just build there own miners and make a 51% attack on Bitcoin. They can not. They don't have the resources. They can't just build something similar to something that was build over years, regardless at how much money they throw at it.
On the other hand: Some BTC-miners could easily attack your corp coin.
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The whole AI stuff doesn't make sense. It's a fucking marketplace, what is an AI supposed to do there? Buying weapons?
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This thread is always good for a laugh. Everytime I visit it, it puts a smile on my face.
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Oh, it's like Bitcoinbon.
Sure, it is a nice idea and it works quite well in Austria. There are no KYC/AML-requirements since the amount of money used is too small(if somebody would buy cards with a value of thousands of euros, the vendor would have to check his ID).
I don't use it, since the fees that are invovled are pretty high(I think something between 6-10%), but it is a nice entrypoint into the cryptoworld.
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There are just people, who make a religion out of everything.
Look at it, this way: You could believe in Jesus Christ, just as a historical person, who did interesting things for his time. That wouldn't make you a religious person, would it?
So, just because there are fanatics, who think, cryptocurrency will release us from the evil in the world, doesn't mean it is a religion. There are always fanatics.
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 But seriously, what is the Grexit theory? |
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You should look into a hardware wallet: https://bitcointalk.org/index.php?topic=967272.0Keeping money in an online wallet is a bad idea. The most important thing about creating a wallet, is that you have created the private key yourself and that you backup your private key. |
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Just to reiterate, the mining farm can connect to a pool near China to mine, one with faster internet. It shouldn't matter much. Also, you are just testing one server from the entire country not to say that you are testing from US. I'm sure it would be better at the mining farms but again, stratum requires little bandwidth and speed.
Besides, speedtest.net is going to try and pick the best server available for you. I'm not sure that his results are accurate though. I've just tested Bejing myself and the results aren't good.  The ping was around 300. My usual download speed is above 20 Mbps and upload around 3-4. Why is 8M rather than other size?
We still don't know how big size of the block. The most important thing is we should solve this problem forever. We can't do it again after several years later for the same reason.
Obviously you don't see the picture clearly. The debate isn't really about 8 or 20 MB blocks, it is actually about how the problem of transactions is going to be solved. Increasing the block size can't be the final solution as I've argued in another thread. If that was the case then Gavin should enable "infinite" block size and problem solved.  I think nobody is really arguing, that it is the final solution, besides some people, who might not really have looked into the whole discussion. But I also don't think, the increase is just to buy us time. Even with other solutions already ready(which is currently not the case) the 1 MB-limit wouldn't be enough, once we reach mainstream(unless you do nearly everything off-blockchain, which destroys the whole purpose of Bitcoin) |
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if they continue to rely on a arbiters you can't really call it true decentralization, right? why they cannot simply use an automatic services for escrow, a bot that is designed to do it instead of an human? how can someone be si sure that the arbiter will not run with money one day, after building trust? i don't like this third party system at all
How is a bot supposed to check, if a item arrived at the right place or if the quality is right? There are things, that bots, just can't do. Also, the arbiter can not run with the money. Have you ever heard about multisig? Inform your self before posting BS. what if the arbiter is a crazy scammer and is a friend of the senders of the item, and he don't want to give you back the second key you need to retrieve your money back? basically he will not be able to steal anything but, you will lose your money anyway and the senders of the item will lose nothing yes there is no reason to do that but it can happen, if you deal with crazy guys An arbiter would destroy his whole reputation with that. For what? because he is crazy? Sorry, but that is a pretty stupid reason. And there is a difference between: it could happen and it will happen a lot. If you deal in the real world, there is always a risk, like being hit by an lightning bolt. The question is not: Is it a complete perfect system, where nothing can go wrong? The question is: Is it better, than a real existing alternative? |
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if they continue to rely on a arbiters you can't really call it true decentralization, right? why they cannot simply use an automatic services for escrow, a bot that is designed to do it instead of an human? how can someone be si sure that the arbiter will not run with money one day, after building trust? i don't like this third party system at all
How is a bot supposed to check, if a item arrived at the right place or if the quality is right? There are things, that bots, just can't do. Also, the arbiter can not run with the money. Have you ever heard about multisig? Inform your self before posting BS. |
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I haven't read the complete thread yet, but I have one question:
If this video was made 2 years ago, why aren't there any off-chain payment processors?
It's easy to talk about all this stuff in an academical way, but is anybody actually doing the things, they are talking about(obviously for at least 2 years)?
I think changetip is such a thing? ----- Gavincointards are going strong on this thread again ... Can I use changetip to pay in a store? As far as I know, it's not designed for that. I really would like to see a video of someone doing that. |
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I haven't read the complete thread yet, but I have one question:
If this video was made 2 years ago, why aren't there any off-chain payment processors?
It's easy to talk about all this stuff in an academical way, but is anybody actually doing the things, they are talking about(obviously for at least 2 years)?
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